6. NOTES PAYABLE AND CONVERTIBLE NOTES (Tables)

3 Months Ended

Mar. 31, 2015

Notes Payable And Convertible Notes Tables

Long term debt

	Mar. 31, 2015	Dec. 31, 2014
Debt payable to Comerica Bank, senior lender	$        8,369,048	$        8,708,333
Notes payable to seller of Meridian, subordinated debt	1,475,000	1,475,000
Total debt	9,844,048	10,183,333
Less: current portion	(1,357,143)	(1,357,143)
Long term debt less current portion	$        8,486,905	$        8,826,190

Short-term Bridge Financing

	Short term	Short term
	Bridge Financing 1	Bridge Financing 2	Total
Original gross proceeds	$                  250,000	$                  500,000	$                   750,000
Daily payment	$                       1,344	$                       2,688	$                        4,032
Balance at March 31, 2015:
Gross payments due over life of loan	$                  282,188	$                  569,750	$                   851,938
Less: Unamortized loan origination discount	(63,518)	(127,991)	(191,509)
Net borrowing under short term bridge financing	$                  218,670	$                  441,759	$                   660,429